Cash Buyer Checklist

It’s a great time to buy!  If you’re in the market for a home without the hassle of a mortgage and have wisely saved your money to pay cash for your next home or investment property, you’ve definitely got a powerful advantage in today’s market. However, just because you’re not subject to the same rules and regulations that are required from mortgage lenders – doesn’t mean you should just sign on any dotted line. To protect your rights and best financial interests – be sure to consult with a real estate professional and follow this important checklist:
__ Title Search: This will show any liens on the property or title problems you might face.
__ Title Insurance: A must-have for the cash buyer – especially when considering distressed or foreclosed
properties.
__ Home Inspection: Never buy a property without one  - it’s the only way to ensure you know what you are
purchasing.
__ Termite Inspection: Tiny bugs=big problems with big repair bills – don’t risk not knowing.
__ Property Tax Estimate: Know in advance what your estimated annual tax will be.
__ Appraisal: This will help you ensure that your purchase price is at fair market value.
__ Survey: Another important way to ensure you have accurate documentation of your property.
__ Flood Zone: If you are in a flood zone, your insurance company may require additional coverage.
__ Hazard Insurance: Have the property bound with insurance from the closing date.
__ Property Disclosure Form: This form should reflect any known property damage, lead based paint,
Chinese drywall, etc.  Ask your Realtor for what’s appropriate for your area.
__ HOA Dues/Fees: You’ll want to know what you’re getting into cost-wise in terms of community dues.

Sandra Duncan, BA, MBA, REALTOR®, CCS
Business 403-512-1939

www.sandraduncancalgaryhomes.com

As a real estate professional and consumer advocate, I will always ensure that your best interests are protected. Call me anytime to discuss what you are looking for in a property and how we can get you the best possible property for your investment.